VW threatens clear-cutting: 100,000 employees send a clear signal!

VW threatens clear-cutting: 100,000 employees send a clear signal!

The working world at Volkswagen is on the verge of upheaval! Another warning strike will take place on Monday, December 9th. According to IG Metall negotiator Thorsten Gröger, almost 100,000 employees took part in the last warning strike. They sent a “loud signal” to the company management with the message “Future instead of clear-cutting”. Gröger made it clear that the pressure on VW should be increased, while at the same time the company is trying to justify strict austerity measures with possible plant closures and job cuts. Despite falling profits, Volkswagen plans to review wages and jobs at the company, which could have serious consequences for the workforce.

Financial tensions at Volkswagen and the dividend situation

The financial challenges are further compounded by a decline in the dividend, which is due to be paid out to shareholders against the backdrop of reduced profits. CFO Arno Antlitz confirmed that earnings per share fell by a third by the end of September. The planned dividend is therefore expected to fall to 6.75 euros per share, which is significantly lower compared to before. Analysts expect a 26 percent decline in earnings per share for the full year. The dividend payment, which amounts to 30 percent of net earnings, also has a negative impact on investors.

Founded in the S&P 500, Kroger also shows positive financial developments. A dividend of $1.13 per share was declared for 2024, representing an improvement of 14.14 percent compared to the previous year. With a total distribution of $796 million in 2024, Kroger was able to increase the return to 2.45 percent. While Kroger boasts a price-to-earnings ratio of 15.59 and sales of $150.039 billion, Volkswagen faces significant challenges and has to fight for its future as its workforce feels pressure from the upcoming negotiations. Further information about Kroger can be found at finanzen.net.